Ann: Exploration Progressing on Large Cu-Au Porphyry Deposit, page-3

From the announcement:

Interpretation of survey data is expected to be completed in approximately 2 months.

Drilling of 5 cored holes 700m into the porphyry deposit will commence immediately following completion of the surveys.

Two months wait for data interpretation. Then some further time required for drilling and then waiting on drill results. Guessing they need data interpretation in order to determine where to drill otherwise they should drill now to minimize more delays. But what happens if the data is not as expected??

Subject to the results from the upcoming 3,500m drilling program at El Pilar, a 20,000m program will be undertaken by the new joint venture from around July 2023. The Company is working on a funding package for its equity contribution to the second joint venture, which will be applied to the cost of the expanded program, while minimising the dilution of existing shareholders.

Subject to results?? Does this mean further drilling may not be undertaken if results are not as great as expected??

Working on a funding package whilst minimizing sh dilution?? Does this mean there may be another cr - as minimizing does not mean no dilution??

Whilst company is sounding very upbeat, there appears to be some cautious wording and procedural moves - should see clearer and firmer results by mid to - end of this year.